scholarly journals Sustaining employment through administrative management experiential learning in an open distance learning institution

2016 ◽  
Vol 14 (2) ◽  
pp. 385-392
Author(s):  
Tshilidzi Eric Nenzhelele
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Labor Market ◽  
Distance Learning ◽  
Experiential Learning ◽  
Unemployment Rate ◽  
Administrative Management ◽  
Sustainable Employment ◽  
The Impact ◽  
Business And Management

The supply of business and management graduates to the labor market has grown significantly. However, these graduates still find themselves without employment for years. This is because employment is lagging behind economic growth. As a result, unemployment rate in South Africa has increased from 22% in 1994 to 25% in 2014. In response, government, employers and managers are striving to create sustainable employment. However, creating sustainable employment is both challenging and difficult. No wonder that there is a constant cry to establish factors that enable sustainable employment. The aim of this research is to establish the impact of experiential learning in administrative management on sustainable employment. The research is quantitative in nature, and a questionnaire is used to collect data from the respondents. The research establishes that experiential learning in administrative management enables sustainable employment

scholarly journals The impact of practical entrepreneurship project on future entrepreneurial intentions

2016 ◽  
Vol 14 (4) ◽  
pp. 67-75 ◽  
Author(s):  
Tshilidzi Eric Nenzhelele ◽  
Nthabiseng Violet Moraka ◽  
Kopano Kalvyn More
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Experiential Learning ◽  
Positive Impact ◽  
Jel Classification ◽  
The Body ◽  
Entrepreneurial Intentions ◽  
Body Of Knowledge ◽  
The Impact ◽  
Harsh Reality

The recurrent struggle of seeking employment and the saturated labor market is a harsh reality in the lives of many university students. Entrepreneurship is arguably the most effective contributor to employment and economic growth. However, very few entrepreneurship graduates start businesses immediately after graduation. Moreover, while academic institutions invest in developing entrepreneurship curriculum and extending the body of knowledge, little is invested in practical programs. There is, therefore, a need to practically teach entrepreneurship. This research was aimed at establishing the impact of practical entrepreneurship project on future entrepreneurial intentions of students. The research was quantitative in nature and a questionnaire was used to collect data from the respondents. The research found that the practical entrepreneurship project had a positive impact on the future entrepreneurial intentions of the students. The sample for the survey reported in this article included 25 participants across various career fields. Keywords: entrepreneurship, entrepreneurial intentions, experiential learning, practical entrepreneurship project, student business initiative challenge. JEL Classification: L26

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

scholarly journals Impact of unemployment and income on entrepreneurship in post-apartheid South Africa: 1994–2015

2018 ◽  
Vol 10 (1) ◽  
Author(s):  
Darma Mahadea ◽  
Irrshad Kaseeram
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Employment Growth ◽  
Positive Impact ◽  
Early Stage ◽  
National Development ◽  
Entrepreneurial Activity ◽  
Per Capita Gdp ◽  
Per Capita ◽  
The Impact

Background: South Africa has made significant progress since the dawn of democracy in 1994. It registered positive economic growth rates and its real gross domestic product (GDP) per capita increased from R42 849 in 1994 to over R56 000 in 2015. However, employment growth lagged behind GDP growth, resulting in rising unemployment. Aim and setting: Entrepreneurship brings together labour and capital in generating income, output and employment. According to South Africa’s National Development Plan, employment growth would come mainly from small-firm entrepreneurship and economic growth. Accordingly, this article investigates the impact unemployment and per capita income have on early stage total entrepreneurship activity (TEA) in South Africa, using data covering the 1994–2015 period. Methods: The methodology used is the dynamic least squares regression. The article tests the assertion that economic growth, proxied by real per capita GDP income, promotes entrepreneurship and that high unemployment forces necessity entrepreneurship. Results: The regression results indicate that per capita real GDP, which increases with economic growth, has a highly significant, positive impact on entrepreneurial activity, while unemployment has a weaker effect. A 1% rise in real per capita GDP results in a 0.16% rise in TEA entrepreneurship, and a 1% rise in unemployment is associated with a 0.25% rise in TEA. Conclusion: There seems to be a strong pull factor, from income growth to entrepreneurship and a reasonable push from unemployment to entrepreneurship, as individuals without employment are forced to self-employment as a necessity, survival mechanism. Overall, a long-run co-integrating relationship seems plausible between unemployment, income and entrepreneurship in South Africa.

scholarly journals Institutional determinants of regional diversity of labor market in Poland

Equilibrium ◽  
2015 ◽  
Vol 10 (1) ◽  
pp. 129
Author(s):  
Beata Woźniak-Jęchorek
Keyword(s):  
Labor Market ◽  
Unemployment Rate ◽  
Gender Gap ◽  
Institutional Perspective ◽  
Regional Diversity ◽  
Institutional Determinants ◽  
The Difference ◽  
Employment Rates ◽  
And Gender ◽  
The Impact

The article focuses on regional diversity of the Polish Labor Market from institutional perspective. The Polish Labor Market is geographically diverse in terms of unemployment and employment rates, and also in terms of economic development. At the end of 2013 the difference between the lowest and the highest unemployment rate in the Polish regions was 12.1% (Wielkopolska located in the West Poland has unemployment rate of 9.6% and Warmia - Mazury in the East has unemployment of 21.7%). The question arises whether this difference comes from the structural or institutional sources. The paper describe the character of Polish Labor Market, whereas in the second part, it traces the impact of institutional variables such as real wage, Kaitz index and Gender gap on the regional unemployment rate in 2002–2012 in Poland.

scholarly journals HUMAN CAPITAL AND ITS ROLE IN THE FOURTH INDUSTRIAL REVOLUTION

2021 ◽  
Author(s):  
Yelyzaveta Snitko ◽  
Yevheniia Zavhorodnia
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Labor Market ◽  
Technological Change ◽  
Industrial Revolution ◽  
Skilled Workers ◽  
Fourth Industrial Revolution ◽  
Modern Economy ◽  
The Future ◽  
The Impact

The development of a modern economy, in the context of the fourth industrial revolution, is impossible without the accumulation and development of human capital, since the foundation of the transformation of the economic system in an innovative economy is human capital. In this regard, the level of development and the efficiency of using human capital are of paramount importance. This article attempts to assess the role of human capital in the fourth industrial revolution. In the future, human talent will play a much more important role in the production process than capital. However, it will also lead to a greater division of the labor market with a growing gap between low-paid and high-paid jobs, and will contribute to an increase in social tensions. Already today, there is an increase in demand for highly skilled workers, especially in high-income countries, with a decrease in demand for workers with lower skills and lower levels of education. Analysis of labor market trends suggests that the future labor market is a market where there is simultaneously a certain demand for both higher and lower skills and abilities, combined with the devastation of the middle tier. The fourth industrial revolution relies heavily on the concept of human capital and the importance of finding complementarity between human and technology. In assessing the impact of the fourth industrial revolution, the relationship between technology, economic growth and human resources was examined. The analysis was carried out in terms of three concepts of economic growth, technological change and human capital. Human capital contributes to the advancement of new technologies, which makes the concept of human capital an essential factor in technological change. The authors emphasize that the modern economy makes new demands on workers; therefore it is necessary to constantly accumulate human capital, develop it through continuous learning, which will allow the domestic economy to enter the trajectory of sustainable economic growth. The need to create conditions for a comprehensive increase in the level of human capital development is noted.

Estimated impact of COVID-19 on the Jordanian economy

2021 ◽  
Vol 5 (3) ◽  
pp. 34-41
Author(s):  
Jameel Aljaloudi
Keyword(s):  
Economic Growth ◽  
Unemployment Rate ◽  
Public Debt ◽  
Budget Deficit ◽  
International Institutions ◽  
Economic Downturn ◽  
International Labor Organization ◽  
Negative Effects ◽  
Poverty And Inequality ◽  
The Impact

This study aims to estimate the negative effects of COVID-19 on the Jordanian economy. These effects are expected to coincide with the results of studies carried out by international institutions. For example, the International Labor Organization (ILO) estimated indicate an increase in the number of unemployed to 5.3 million (the “low” scenario) and 24.7 million (the “high” scenario), from a baseline of 188 million in 2019 (ILO, 2020a). Experts from the World Bank and the International Monetary Fund (IMF) confirmed that the global economic downturn (caused by the coronavirus pandemic) is the largest in the past eight decades, which will lead to an increase in poverty and inequality and harm economic growth in the long term. (News 18, 2020). To measure the impact of COVID-19 on the Jordanian economy, the following indicators were adopted: an economic growth, an unemployment rate, a foreign trade (imports and exports), public revenues, public spending, a public debt, and a budget deficit. The study relied on data contained in reports issued by international institutions and official institutions in Jordan. The results indicate a slowdown in the rate of economic growth, an increase in the unemployment rate, a decrease in exports and imports, an increase in the public debt and the budget deficit

Constraints to Economic Growth in South Africa

2021 ◽  
pp. 110-134
Author(s):  
Kenneth Creamer
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Industrial Structure ◽  
Commodity Price ◽  
Structural Factors ◽  
Weak State ◽  
Policy Interventions ◽  
Macroeconomic Imbalances ◽  
History Of ◽  
The Impact

This chapter analyses the drivers and constraints on the rate of economic growth in South Africa from the 1950’s apartheid-era through to the democratic period post-1994. Key structural factors identified as impacting on the rate and composition of economic growth include the country’s history of racial injustice and exclusion, its industrial structure and linkages to the global commodity price cycle, the evolution of macroeconomic imbalances and related infrastructure investment failures, and the impact of weak state capacity and corruption. Thereafter, the chapter outlines a number of strategic policy interventions for overcoming constraints to inclusive economic growth in South Africa.

The Economic History of South Africa 1948–94

2021 ◽  
pp. 46-65
Author(s):  
Bill Freund ◽  
Vishnu Padayachee
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
South African ◽  
Economic History ◽  
History Of ◽  
Anglo American ◽  
Relationship Of ◽  
Global And Local ◽  
The Impact ◽  
The Way

This chapter addresses the unfolding economic history of South Africa in the apartheid era (1948–94). The chapter is organized according to a periodization with 1971–73 as a marker of the break, and along specific thematic lines. These include a discussion of the way in which this history has been studied and through what theoretical lenses, before engaging with the main issues, including the impact of Afrikaner nationalism on economic growth, the way in which the minerals energy sector, which dominated early perspectives of South African economic history and perspectives, is impacted in this era of National Party rule. An analysis of the role of one major corporation (Anglo American Corporation) in shaping this economic history is followed by an assessment of the impact of the global and local crisis after c.1970 on the South African economy. An abiding theme is that of race and economic development and the way in which the impact of this key relationship of apartheid South Africa on economic growth has been studied.

scholarly journals Technology Innovation, Economic Growth and Carbon Emissions in the Context of Carbon Neutrality: Evidence from BRICS

2021 ◽  
Vol 13 (20) ◽  
pp. 11138
Author(s):  
Huan Zhang
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Carbon Emissions ◽  
Carbon Emission ◽  
Test Results ◽  
Stirpat Model ◽  
Causality Test ◽  
Carbon Neutrality ◽  
Brics Countries ◽  
The Impact

This study selects the panel data of five BRICS nations (Brazil, Russia, India, China, South Africa) from 1990 to 2019 to empirically explore the impact of technological innovation and economic growth on carbon emissions under the context of carbon neutrality. Granger causality test results signify that there exists a one-way causality from technology patent to carbon emission and from economic growth to carbon emission. We also constructed an improved Stochastic Impacts by Regression on Population, Affluence, and Technology (STIRPAT) model. The regression results manifest that technology patents contribute to the realization of carbon emission reduction and carbon neutralization, while the economic growth of emerging economies represented by BRICS countries significantly improves carbon emissions, but every single BRICS country shows differentiated carbon emissions conditions with their economic development stages. The impact of the interaction term on carbon emissions for the five BRICS countries also presents country-specific heterogeneity. Moreover, the Environmental Kuznets Curve (EKC) test results show that only Russia and South Africa have an inverted U-shaped curve relationship between economic growth and carbon emissions, whereas Brazil, India and China have a U-shaped curve relationship. There exists no EKC relationship when considering BRICS nations as a whole. Further robustness tests also verify that the conclusions obtained in this paper are consistent and stable. Finally, the paper puts forward relevant policy suggestions based on the research findings.

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